Mexico Drops Annual Growth Projection To 2.7%

Mexico's National Statistics Institute says the economy grew 1.8 percent in the first quarter of this year, compared to the same period last year. The Mexican government says the sluggish growth has caused it to drop projections for 2014 to 2.7 percent from the original 3.9 percent projection. The weaker growth report came two days after Mexico's Central Bank also lowered the annual forecast for economic growth this year to between 2.3 and 3.3 percent from the original 3-4 percent.

Related Videos


  • Japan September Industrial Output Rises 2.7 Percent Month-on-Month

    Government data showed on Wednesday, Japan's industrial output rose 2.7 percent in September, bouncing from the prior month's decline, a result that could ease concerns about the outlook for the country's factory activity and broader economy. The rise compared with economists' median estimate of a 2.2 percent increase in a Reuters poll. It followed a 1.9 percent drop in August, the data from the Ministry of Economy, Trade and Industry showed.

  • Slim Expects Mexican Growth To Be 'Much Better' In 2015

    Carlos Slim, Latin America's richest man, said he thinks Mexico's economy will start to grow at a faster pace next year after overcoming a sluggish past couple of years. The Mexican economy grew by just over 1 percent last year and the government in May cut its forecast for 2014 to 2.7 percent. Interest rates are now at a record low of 3 percent. Slim tells Reuters "Last year's growth was low, I think that this year it will be relatively low too, but I think next year will be much better.

  • Mexican Economy Shrinks 0.07 Percent in September From August

    Mexico's economy slowed in the third quarter, growing less than expected, due to weakness in domestic demand and uneven industrial output that has dragged on a recovery. Mexican gross domestic product expanded 0.5 percent in the third quarter from the second, the national statistics agency said on Friday, slowing from downwardly revised 0.9 percent growth in the April to June period. Latin America's No.

  • GM Recalls 2.7 Million Vehicles In U.S., To Take Charge Of Up To $200 Million

    General Motors Company said on Thursday it has issued five more recalls, covering about 2.7 million vehicles in the United States. As a result, the firm is expected to take a charge of up to $200 million. Still dealing with the fallout from the recall of 2.6 million defective ignition switches that have been linked to at least 13 deaths, GM did not have the exact number of how many vehicles outside of the United States were affected by the recalls.

  • Daily Digit: 2.7% GDP Growth

    The Daily Digit today is 2.7%. U.S. Gross Domestic Product, or GDP, grew 2.7% in third quarter, which was more than analysts expected. The reason? In short, the holidays. Stores stocked up for before the present-giving season and, as a result, inventories bounced -improving the GDP number. Another boost: an increase in exports. But- overall, people and companies spent less on goods and services.

  • Warm Weather And Supermarket Price War Hit Food And Clothing Sales

    The British Retail Consortium said total retail spending was 0.8 percent lower this September than a year ago, the steepest annual drop since April 2012 and a sharp contrast to August' s robust growth of 2.7 percent. On a like-for-like basis - a measure that strips out changes in floor space and is preferred by equity analysts - retail sales dropped by 2.1 percent.

  • Ackman's Pershing Square Raises $2.7 Billion in Amsterdam IPO

    Billionaire William Ackman's Pershing Square Holdings will go public on Euronext Amsterdam on October 13. Ackman confirmed that he has raised over $2.7 billion, much of which is from Europe.

  • Mexico Inflation Seen Rising To 3.95 Percent In Early July

    Mexican annual inflation likely rose to just below the central bank's 4 percent limit in early July, but sluggish growth and tame underlying prices bode for steady borrowing costs ahead. According to the median of 18 analysts polled by Reuters, Inflation for the 12 months through the first half of July was seen rising to 3.95 percent, up from 3.71 percent in early June.

  • US Home Construction Drops 9.3 Percent In June

    U.S. home construction fell in June to the slowest pace in nine months, a setback to hopes that housing is regaining momentum and will boost economic growth this year.Construction fell 9.3 percent last month to a seasonally adjusted annual rate of 893,000 homes, the Commerce Department said Thursday. That was the slowest pace since last September and followed a 7.3 percent drop in May, a decline even worse than initially reported.

  • T-Mobile Adds 2.7 Million Customers In August, Breaks Company Record

    T-Mobile US added 2.75 million customers in August, the largest number of monthly subscriber additions in its history, the carrier announced at a company event on Wednesday. The carrier is also offering a free personal CellSpot site customers can place wherever they lack coverage. The move comes the day after Apple Inc. announced it will release an iPhone programmed with technology to allow automatic shifts between WiFi and carrier networks.

  • UK's NIESR Nudges Up 2015 Growth Forecast to 2.5 Percent

    Britain's economy is likely to grow slightly faster next year than previously forecast, as robust business investment outweighs risks from the euro zone, a leading think tank said on Wednesday. The National Institute of Economic and Social Research said it expected Britain's economy to grow by 2.5 percent in 2015, up from a forecast of 2.3 percent NIESR made three months ago.

  • Second-Quarter GDP Growth Revised Up To 4.2 Percent

    The U.S. economy rebounded more strongly than initially thought in the second quarter, and details of a report on Thursday pointed to sustainable underlying strength. The Commerce Department said gross domestic product expanded at a 4.2 percent annual rate--instead of the previously reported 4.0 percent pace--reflecting upward revisions to business spending and exports. It was the fastest pace since the third quarter of 2013.

Other Advice Videos


  • How to Give Better Advice When People Ask You For Help

    In Chapter 11 of 16 in his 2014 Capture Your Flag interview, product management executive Ramsey Pryor answers "How Have You Learned to Give Better Advice When People Ask You for Help?" With time, Pryor learns to give less prescriptive advice. He learns from his children to give advice is more to be a sounding board and help others make a decision rather than to make a decision for others. Pryor is a product management executive at IBM focused on cloud-based collaboration.

  • 6 Celebrated Women Offer Advice to Their 20-Year Old Selves

    What advice would you give your 20-year-old self? asked Real Simple.

  • Rachel Lehmann-Haupt on Seeking Advice From Working Mom Friends

    In Chapter 17 of 17 in her 2014 Capture Your Flag interview, author and small business owner Rachel Lehmann-Haupt answers "At This Moment in Your Life, Where Are You Seeking Advice and Coaching?" Lehmann-Haupt shares how she gathers working mom friends she respects to help her shape next steps in her life as a working mom. She finds her friends understand her needs as someone trying to be a good mom and strike the right work-life balance in an aspiring career. Rachel Lehmann-Haupt is a writer.

  • Getting Advice for Making Big Decisions in Your 30s

    In Chapter 23 of 23 in his 2014 Capture Your Flag interview, business strategist Bryan Law answers "At This Point in Your Life, Where Are You Seeking Advice and Coaching?" Now in his thirties, Law shares how he gets advice from a network of people to make more informed decisions. From teacher mentors from Georgetown to an inspiring Angolan friend to his parents to his spouse, Law finds willing people to support him as he faces key life decisions.

  • Louise Langheier on Two Ways to Give Better Career Advice

    In Chapter 7 of 21 in her 2014 Capture Your Flag interview, social entrepreneur Louise Langheier answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Langheier shares two ways she has learned to give better advice. The first is honing in on the specific question the person seeking advice is really trying to answer. The second is appreciating the learning experience that comes with being asked to give advice.

  • Rihanna's Creative Director Got Career Advice From a Horse

    Think of the best career advice you ever received. Who gave it to you? Your mom? Your mentor? Ahem, your favorite website? Well, Ciarra Pardo, best known as Rihanna's creative director, got her best advice ever from her horse.

  • Conrad Doucette on Giving Better Advice When Asked for Help

    In Chapter 17 of 17 in his 2013 Capture Your Flag interview, musician and digital strategist Conrad Doucette answers "How Have You Learned to Give Better Advice When People Ask You For Help?" Doucette puts himself in the shoes of the person asking for advice. In his younger years he would have dispensed advice based on his point of view rather than the perspective of the person asking for advice. Conrad Doucette is a Brooklyn musician and the drummer for the band Takka Takka.

  • Most Advisers Aren't Afraid of "Robo" Advice

    Online investment services aren't just for young clients and low-balance accounts; "robo" advice can help any wealth advisory firm grow, says Bernie Clark, the head of Schwab Adviser Services. "Robo" advice is complementary and an opportunity, Mr. Clark says.